Published scoops - Economy

Greenspan is on the record as follows: "In the absence of the gold standard there is no way to protect savings from the confiscation through inflation. There is no safe store of value without gold. This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process that stands as a protector of property rights."

Glenn Beck's interview with Dave Walker (head of the GEO). David Walker has been touring the country trying to wake people up to the fiscal crisis. David Walker is one of the few who told the truth, now he is gone.

So what would happen if the mega-banks engaging in these irresponsible practices actually went bankrupt? These banks are widely acknowledged to be at fault, but they expect to be bailed out by the Federal Reserve or the taxpayers because they are "too big to fail."

In the same timeframe that Bushwacked has been president, the $10 Base Liberty Dollar will have Moved Up to the $50 Base and increased 500%…while the US dollar has lost 50%! What would you rather have? A currency that has increased FIVE TIMES or one that has lost HALF its purchasing power? Do you need a calculator?

quote: Sir Richard did not attempt to explain where so much land might be found, but did reveal that peak oil was part of the motivation for developing biojetfuel: "Apart from global warming, in about four or five years' time there's going to be more demand for fuel than there is fuel on this planet. So fuel prices will go through the roof, and so planes, ships, we've all got to come up with alternatives".

Jim Rogers is one of the most respected investors on the planet. He endorsed Ron Paul a while back and if you heard Ron's interview on Fox Business earlier today, this interview on CNBC is almost a word for word replay regarding the macro-economic aspects and the federal reserve policy. Just look at the commentators spinning madly to try to call him insane. But notice that every time they do it, their challenge starts out with "Jim, of course you've been correct about this all along, but . . . "

The worst is not behind us. The worst is yet to come. I have this on the highest authority – from the man who has openly admitted that his organization (the FED) has no solutions to offer except month-old data on the extent of the housing crisis. Yes, Bernanke is boring. Read him anyway. The financial media are not reporting on this.

Recession-proof casinos are beginning to feel the pain of the slowing U.S. economy.

Bird and Fortune on the Credit Crunch. British humor at it best!

Alan Greenspan's book has critical view of President George W Bush's administration. Young Turks review the book.