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As each day goes by, the efforts by the “Governator”, Arnold Schwarzengger to avoid the bankruptcy of California appear ever more to be ½ wishful-thinking, and ½ fraudulent accounting.Let's start with the basic reality: there is zero possibility of California surviving this bankruptcy crisis (by itself) without raising taxes to bring in more revenue.

I noted silver had a quite substantial move the past week, and now gold is making a nice series of higher highs and higher lows. Based on chart alone one would think SPDR (NYSE: GLD) has a chance for $95 before any serious roadblocks. I added to my Powershares DB Gold Double Long (NYSE: DBP) on this strength.

In the Corrupt States of America, scamming pension funds is BIG business. However, a large fraud investigation, which started in New York and has already spread to Connecticut, has the pension-fund criminals worried.For years, life has been wonderful. The “lobbyists” (i.e.

The U.S. “Office of Management and Budget” released a grim report on the capital requirements of “Fannie Mae” and “Freddie Mac”: at least $92.2 BILLION next year, alone.The one thing we know for certain regarding any and every budget projection for the U.S. government which looks out even a year in advance is that it will grossly understate reality.

It is somewhat misleadNevertheless, what is unequivocal is that China's economy has actually turned up – something which no other major economy has been able to achieve. There are many reasons why China has experienced the least disruption from the global recession, and the quickest “recovery”.ng to talk about China's “economic recovery” - since it never slid into negative growth (i.e.

In the Corrupt States of America, scamming pension funds is BIG business. However, a large fraud investigation, which started in New York and has already spread to Connecticut, has the pension-fund criminals worried. For years, life has been wonderful. The “lobbyists” (i.e.

As the unemployment rate soars in most Western economies, we are finally seeing a new measurement of unemployment begin to compete with the “official”, headline rate. Of all the various financial and economic crises facing Western governments, nothing makes the politicians as fearful as the prospect of being forced to tell the truth about unemployment.

To anyone residing in the real world, the fictional propaganda exercise known as the Geithner “stress test” has only confirmed their worst suspicions about the solvency of U.S. fraud-factories.

Deluded into believing his “stress test” sham was a success, Tim-the-tax-cheat is immediately plotting a new propaganda initiative, with this one designed to purge the stench from the network of banker “septic tanks” known as the U.S. Federal Reserve.This collection of private banks, who hijacked the U.S.

Gold has not BEGUN to 'shine'

Posted by Bullion Bulls on May 8th, 2009

“Gold bugs” are a remarkably consistent group – regularly extolling the same set of economic fundamentals which are certain to drive the price of gold to many multiples of its current value. On the other hand, “gold bears” and the anti-gold propagandists of the banking-cabal tend to “re-invent” themselves every few months.

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