http://blog.goldsilver.com News about Gold, Silver, the Dollar, the Economy Fri, 16 May 2008 06:18:59 +0000 http://wordpress.org/?v=2.3.1 en http://blog.goldsilver.com/2008/05/15/venezuela-stops-open-pits-and-gold-mines/ http://blog.goldsilver.com/2008/05/15/venezuela-stops-open-pits-and-gold-mines/#comments Fri, 16 May 2008 06:18:59 +0000 GoldSilver http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN1531925120080515 http://blog.goldsilver.com/2008/05/15/venezuela-stops-open-pits-and-gold-mines/ Mineral-laden Venezuela on Thursday shut the door to new gold projects and threatened other mining and logging concessions in a step by leftist President Hugo Chavez to tighten control of natural resources.

]]> Mineral-laden Venezuela on Thursday shut the door to new gold projects and threatened other mining and logging concessions in a step by leftist President Hugo Chavez to tighten control of natural resources.

]]> http://blog.goldsilver.com/2008/05/15/venezuela-stops-open-pits-and-gold-mines/feed/ http://blog.goldsilver.com/2008/05/15/congress-to-saudis-give-us-oil-or-no-gun/ http://blog.goldsilver.com/2008/05/15/congress-to-saudis-give-us-oil-or-no-gun/#comments Fri, 16 May 2008 06:00:35 +0000 GoldSilver http://blog.wired.com/defense/2008/05/congress-to-sau.html http://blog.goldsilver.com/2008/05/15/congress-to-saudis-give-us-oil-or-no-gun/ A group of Democratic senators wants to make a massive arms sale to Saudi Arabia contingent on getting cheaper oil, reports AFP. “We are saying to the Saudis that, if you don’t help us, why should we be helping you?”

]]> A group of Democratic senators wants to make a massive arms sale to Saudi Arabia contingent on getting cheaper oil, reports AFP. “We are saying to the Saudis that, if you don’t help us, why should we be helping you?”

]]> http://blog.goldsilver.com/2008/05/15/congress-to-saudis-give-us-oil-or-no-gun/feed/ http://blog.goldsilver.com/2008/05/15/la-prepares-massive-water-conservation-plan/ http://blog.goldsilver.com/2008/05/15/la-prepares-massive-water-conservation-plan/#comments Fri, 16 May 2008 03:33:05 +0000 GoldSilver http://www.latimes.com/news/local/la-me-lawater15-2008may15,0,1615373.story?track=rss http://blog.goldsilver.com/2008/05/15/la-prepares-massive-water-conservation-plan/ A similar system was approved and built in the 1990s, then abandoned after critics labeled it a “toilet-to-tap” scheme.

]]> A similar system was approved and built in the 1990s, then abandoned after critics labeled it a “toilet-to-tap” scheme.

]]> http://blog.goldsilver.com/2008/05/15/la-prepares-massive-water-conservation-plan/feed/ http://blog.goldsilver.com/2008/05/15/feds-direct-loans-to-banks-climb-to-record-level/ http://blog.goldsilver.com/2008/05/15/feds-direct-loans-to-banks-climb-to-record-level/#comments Fri, 16 May 2008 03:29:21 +0000 GoldSilver http://www.bloomberg.com/apps/news?pid=20601087&sid=aur2QcWbKf2U&refer=home http://blog.goldsilver.com/2008/05/15/feds-direct-loans-to-banks-climb-to-record-level/ Federal Funds provided through the so-called discount window for banks rose by $2.8 billion to a daily average of $14.4 billion in the week to May 14, the central bank said today in Washington.

]]> Federal Funds provided through the so-called discount window for banks rose by $2.8 billion to a daily average of $14.4 billion in the week to May 14, the central bank said today in Washington.

]]> http://blog.goldsilver.com/2008/05/15/feds-direct-loans-to-banks-climb-to-record-level/feed/ http://blog.goldsilver.com/2008/05/15/the-battle-for-america-has-begun-strategic-forecasts/ http://blog.goldsilver.com/2008/05/15/the-battle-for-america-has-begun-strategic-forecasts/#comments Fri, 16 May 2008 01:17:02 +0000 GoldSilver http://www.marketoracle.co.uk/Article4710.html http://blog.goldsilver.com/2008/05/15/the-battle-for-america-has-begun-strategic-forecasts/ This article contains several forecasts, including the possible start of a major war with unforeseeable consequences, if the U.S. should happen to attack Iran . Of course it is in the nature of forecasts to be speculative. There are also forecasts that are intended to serve as warnings and thereby contribute to preventing the events under analysis from ever taking place.

]]> This article contains several forecasts, including the possible start of a major war with unforeseeable consequences, if the U.S. should happen to attack Iran . Of course it is in the nature of forecasts to be speculative. There are also forecasts that are intended to serve as warnings and thereby contribute to preventing the events under analysis from ever taking place.

]]> http://blog.goldsilver.com/2008/05/15/the-battle-for-america-has-begun-strategic-forecasts/feed/ http://blog.goldsilver.com/2008/05/15/damages-will-take-many-years-to-mendby-bob-chapman/ http://blog.goldsilver.com/2008/05/15/damages-will-take-many-years-to-mendby-bob-chapman/#comments Thu, 15 May 2008 07:47:16 +0000 GoldSilver http://www.theinternationalforecaster.com/item.php?topicId=2&articleid=249 http://blog.goldsilver.com/2008/05/15/damages-will-take-many-years-to-mendby-bob-chapman/ Poison from the top down, Fed is wrong to signal end of crisis, more negative surprises in the markets to come, Mortgage market upside down, major conflicts always a threat, It could be major conflicts are going to break out almost simultaneously to cover up the economic and financial collapse in the US, which will spread worldwide.

]]> Poison from the top down, Fed is wrong to signal end of crisis, more negative surprises in the markets to come, Mortgage market upside down, major conflicts always a threat, It could be major conflicts are going to break out almost simultaneously to cover up the economic and financial collapse in the US, which will spread worldwide.

]]> http://blog.goldsilver.com/2008/05/15/damages-will-take-many-years-to-mendby-bob-chapman/feed/ http://blog.goldsilver.com/2008/05/14/61-trading-away-us-jobs/ http://blog.goldsilver.com/2008/05/14/61-trading-away-us-jobs/#comments Thu, 15 May 2008 06:04:06 +0000 GoldSilver http://news.yahoo.com/s/pew/20080514/ts_pew/61tradingawayusjobs_1 http://blog.goldsilver.com/2008/05/14/61-trading-away-us-jobs/ By a margin of more than six-to-one (61% to 9%), the U.S. public now says free trade agreements result in job losses rather than in new jobs; a solid majority (56%) also says that free trade makes wages lower in the United States, and half (50%) say it slows the economy.

]]> By a margin of more than six-to-one (61% to 9%), the U.S. public now says free trade agreements result in job losses rather than in new jobs; a solid majority (56%) also says that free trade makes wages lower in the United States, and half (50%) say it slows the economy.

]]> http://blog.goldsilver.com/2008/05/14/61-trading-away-us-jobs/feed/ http://blog.goldsilver.com/2008/05/14/did-bear-stearns-fall-or-was-it-pushed/ http://blog.goldsilver.com/2008/05/14/did-bear-stearns-fall-or-was-it-pushed/#comments Thu, 15 May 2008 02:31:34 +0000 GoldSilver http://www.opednews.com/articles/1/genera_ellen_br_080513_did_bear_stearns_fal.htm http://blog.goldsilver.com/2008/05/14/did-bear-stearns-fall-or-was-it-pushed/ Evidently “promoting market stability” means that whistle-blowers and the SEC must be silenced so that a grossly illegal situation can continue, since the crime is so pervasive that to expose it and prosecute the criminals would unravel the whole financial system.

]]> Evidently “promoting market stability” means that whistle-blowers and the SEC must be silenced so that a grossly illegal situation can continue, since the crime is so pervasive that to expose it and prosecute the criminals would unravel the whole financial system.

]]> http://blog.goldsilver.com/2008/05/14/did-bear-stearns-fall-or-was-it-pushed/feed/ http://blog.goldsilver.com/2008/05/14/the-housing-bust-and-lending-the-worst-is-yet-to-come/ http://blog.goldsilver.com/2008/05/14/the-housing-bust-and-lending-the-worst-is-yet-to-come/#comments Thu, 15 May 2008 01:58:17 +0000 GoldSilver http://www.oftwominds.com/blogmay08/six-trends.html?ref=patrick.net http://blog.goldsilver.com/2008/05/14/the-housing-bust-and-lending-the-worst-is-yet-to-come/ The entire housing bubble was essentially a debt bubble, driven by lending standards which sank to near-zero (anyone with a pulse willing to lie was suddenly qualified to borrow hundreds of thousands of dollars),

]]> The entire housing bubble was essentially a debt bubble, driven by lending standards which sank to near-zero (anyone with a pulse willing to lie was suddenly qualified to borrow hundreds of thousands of dollars),

]]> http://blog.goldsilver.com/2008/05/14/the-housing-bust-and-lending-the-worst-is-yet-to-come/feed/ http://blog.goldsilver.com/2008/05/14/foreclosure-flood-1000-auctions-per-day-in-california/ http://blog.goldsilver.com/2008/05/14/foreclosure-flood-1000-auctions-per-day-in-california/#comments Thu, 15 May 2008 00:31:51 +0000 GoldSilver http://latimesblogs.latimes.com/laland/2008/05/foreclosure-flo.html?ref=patrick.net http://blog.goldsilver.com/2008/05/14/foreclosure-flood-1000-auctions-per-day-in-california/ California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state

]]> California’s foreclosure crisis passed another ominous milestone in April, when more than 1,000 foreclosed homes were auctioned off every weekday at courthouses across the state

]]> http://blog.goldsilver.com/2008/05/14/foreclosure-flood-1000-auctions-per-day-in-california/feed/ http://blog.goldsilver.com/2008/05/14/video-alert-six-carrier-groups-headed-for-the-gulf/ http://blog.goldsilver.com/2008/05/14/video-alert-six-carrier-groups-headed-for-the-gulf/#comments Wed, 14 May 2008 22:18:47 +0000 GoldSilver http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=7800095&src=finance&ch=1316259 http://blog.goldsilver.com/2008/05/14/video-alert-six-carrier-groups-headed-for-the-gulf/ Alert: Six Carrier Groups Headed for the Gulf

]]> Alert: Six Carrier Groups Headed for the Gulf

]]> http://blog.goldsilver.com/2008/05/14/video-alert-six-carrier-groups-headed-for-the-gulf/feed/ http://blog.goldsilver.com/2008/05/14/former-fed-chief-volcker-sees-70s-style-inflation-risks/ http://blog.goldsilver.com/2008/05/14/former-fed-chief-volcker-sees-70s-style-inflation-risks/#comments Wed, 14 May 2008 22:07:04 +0000 GoldSilver http://www.guardian.co.uk/business/feedarticle/7517049 http://blog.goldsilver.com/2008/05/14/former-fed-chief-volcker-sees-70s-style-inflation-risks/ Former U.S. Federal Reserve Chairman Paul Volcker warned on Wednesday the United States could face a 1970s-style period of skyrocketing inflation if investors lose confidence in the buying power of the U.S. dollar. “If there is a real loss of confidence in the dollar, then I think we are in trouble.”

]]> Former U.S. Federal Reserve Chairman Paul Volcker warned on Wednesday the United States could face a 1970s-style period of skyrocketing inflation if investors lose confidence in the buying power of the U.S. dollar. “If there is a real loss of confidence in the dollar, then I think we are in trouble.”

]]> http://blog.goldsilver.com/2008/05/14/former-fed-chief-volcker-sees-70s-style-inflation-risks/feed/ http://blog.goldsilver.com/2008/05/14/cdo-debt-could-pose-renewed-danger-for-banks/ http://blog.goldsilver.com/2008/05/14/cdo-debt-could-pose-renewed-danger-for-banks/#comments Wed, 14 May 2008 22:01:58 +0000 GoldSilver http://www.nypost.com/seven/05132008/business/cdo_debt_could_pose_renewed_danger_for_b_110690.htm http://blog.goldsilver.com/2008/05/14/cdo-debt-could-pose-renewed-danger-for-banks/ Just when Wall Street firms thought the worst of the credit crisis was over, investors in funky mortgage-tainted debt may unleash a fresh bout of pain for embattled banks like Citigroup, UBS, Lehman Brothers and Bank of America.

]]> Just when Wall Street firms thought the worst of the credit crisis was over, investors in funky mortgage-tainted debt may unleash a fresh bout of pain for embattled banks like Citigroup, UBS, Lehman Brothers and Bank of America.

]]> http://blog.goldsilver.com/2008/05/14/cdo-debt-could-pose-renewed-danger-for-banks/feed/ http://blog.goldsilver.com/2008/05/14/video-peter-schiff-on-fox-make-a-lotta-money-in-gold/ http://blog.goldsilver.com/2008/05/14/video-peter-schiff-on-fox-make-a-lotta-money-in-gold/#comments Wed, 14 May 2008 19:44:13 +0000 GoldSilver http://www.youtube.com/watch?v=bo4PGIKvRUA&eurl=http://goldismoney.info/forums/showthread.php?t=265096 http://blog.goldsilver.com/2008/05/14/video-peter-schiff-on-fox-make-a-lotta-money-in-gold/ Peter Schiff on Fox - make a lotta money in GOLD

]]> Peter Schiff on Fox - make a lotta money in GOLD

]]> http://blog.goldsilver.com/2008/05/14/video-peter-schiff-on-fox-make-a-lotta-money-in-gold/feed/ http://blog.goldsilver.com/2008/05/14/thai-rice-price-breaches-1000-a-ton-for-first-time/ http://blog.goldsilver.com/2008/05/14/thai-rice-price-breaches-1000-a-ton-for-first-time/#comments Wed, 14 May 2008 19:28:37 +0000 GoldSilver http://www.bloomberg.com/apps/news?pid=20601012&sid=alrs2tzxEhT0&refer=commodities http://blog.goldsilver.com/2008/05/14/thai-rice-price-breaches-1000-a-ton-for-first-time/ The benchmark price for rice exported from Thailand, the world’s biggest supplier, breached $1,000 a metric ton for the first time today as importers rushed to secure supplies, heightening concern about a global food crisis.

]]> The benchmark price for rice exported from Thailand, the world’s biggest supplier, breached $1,000 a metric ton for the first time today as importers rushed to secure supplies, heightening concern about a global food crisis.

]]> http://blog.goldsilver.com/2008/05/14/thai-rice-price-breaches-1000-a-ton-for-first-time/feed/ http://blog.goldsilver.com/2008/05/14/us-foreclosure-filings-surge-65-percent-in-april/ http://blog.goldsilver.com/2008/05/14/us-foreclosure-filings-surge-65-percent-in-april/#comments Wed, 14 May 2008 19:21:38 +0000 GoldSilver http://biz.yahoo.com/ap/080514/foreclosure_rates.html?.v=5 http://blog.goldsilver.com/2008/05/14/us-foreclosure-filings-surge-65-percent-in-april/ Late payments drive number of US homes facing foreclosure in April up 65 percent from year ago

]]> Late payments drive number of US homes facing foreclosure in April up 65 percent from year ago

]]> http://blog.goldsilver.com/2008/05/14/us-foreclosure-filings-surge-65-percent-in-april/feed/ http://blog.goldsilver.com/2008/05/13/china-growth-to-keep-commodity-boom-alive/ http://blog.goldsilver.com/2008/05/13/china-growth-to-keep-commodity-boom-alive/#comments Wed, 14 May 2008 06:31:08 +0000 GoldSilver http://www.reuters.com/article/managerViews/idUSNOA32475920080513 http://blog.goldsilver.com/2008/05/13/china-growth-to-keep-commodity-boom-alive/ Long-term growth prospects in China should continue to fuel the country’s insatiable demand for raw materials like copper and keep a commodity boom in place for years to come, a hedge fund executive said.

]]> Long-term growth prospects in China should continue to fuel the country’s insatiable demand for raw materials like copper and keep a commodity boom in place for years to come, a hedge fund executive said.

]]> http://blog.goldsilver.com/2008/05/13/china-growth-to-keep-commodity-boom-alive/feed/ http://blog.goldsilver.com/2008/05/13/citi-bank-is-beyond-repair/ http://blog.goldsilver.com/2008/05/13/citi-bank-is-beyond-repair/#comments Wed, 14 May 2008 06:23:51 +0000 GoldSilver http://www.nypost.com/seven/05132008/business/citi_is_beyond_repair_110684.htm http://blog.goldsilver.com/2008/05/13/citi-bank-is-beyond-repair/ Banking analyst Meredith Whitney blasted Citigroup’s turnaround plan yesterday, saying the financial giant is so deep in a black hole that even renown physicist Stephen Hawking could not help the ailing company.

]]> Banking analyst Meredith Whitney blasted Citigroup’s turnaround plan yesterday, saying the financial giant is so deep in a black hole that even renown physicist Stephen Hawking could not help the ailing company.

]]> http://blog.goldsilver.com/2008/05/13/citi-bank-is-beyond-repair/feed/ http://blog.goldsilver.com/2008/05/13/is-the-deep-financial-crisis-overwhelming-gold-price-manipulation/ http://blog.goldsilver.com/2008/05/13/is-the-deep-financial-crisis-overwhelming-gold-price-manipulation/#comments Wed, 14 May 2008 06:19:23 +0000 GoldSilver http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=4361 http://blog.goldsilver.com/2008/05/13/is-the-deep-financial-crisis-overwhelming-gold-price-manipulation/ The gold price manipulators seem to be losing their clout. We could be in for some serious decline in the value of the US dollar, stocks, and bonds in the coming weeks, along with much higher gold prices.

]]> The gold price manipulators seem to be losing their clout. We could be in for some serious decline in the value of the US dollar, stocks, and bonds in the coming weeks, along with much higher gold prices.

]]> http://blog.goldsilver.com/2008/05/13/is-the-deep-financial-crisis-overwhelming-gold-price-manipulation/feed/ http://blog.goldsilver.com/2008/05/13/libor-set-for-overhaul-as-credibility-is-doubted/ http://blog.goldsilver.com/2008/05/13/libor-set-for-overhaul-as-credibility-is-doubted/#comments Wed, 14 May 2008 06:09:18 +0000 GoldSilver http://www.bloomberg.com/apps/news?pid=20601087&sid=aGoLe3PRKfew&refer=home http://blog.goldsilver.com/2008/05/13/libor-set-for-overhaul-as-credibility-is-doubted/ The benchmark interest rate for at least $347 trillion of derivatives and 6 million U.S. mortgages is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs.

]]> The benchmark interest rate for at least $347 trillion of derivatives and 6 million U.S. mortgages is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs.

]]> http://blog.goldsilver.com/2008/05/13/libor-set-for-overhaul-as-credibility-is-doubted/feed/ http://blog.goldsilver.com/2008/05/13/bush-calls-new-attack-on-us-his-worst-worry/ http://blog.goldsilver.com/2008/05/13/bush-calls-new-attack-on-us-his-worst-worry/#comments Tue, 13 May 2008 23:37:50 +0000 GoldSilver http://news.yahoo.com/s/ap/20080513/ap_on_go_pr_wh/bush_iraq http://blog.goldsilver.com/2008/05/13/bush-calls-new-attack-on-us-his-worst-worry/ A question submitted from the online audience asked Bush whether he felt he had been misled about Iraq as he made the decision to go to war.
“`Misled’ is a strong word,” he said. “Not only our intelligence community, but intelligence communities all across the world shared the same assessment. And so I was disappointed to see how flawed our intelligence was.”

]]> A question submitted from the online audience asked Bush whether he felt he had been misled about Iraq as he made the decision to go to war.
“`Misled’ is a strong word,” he said. “Not only our intelligence community, but intelligence communities all across the world shared the same assessment. And so I was disappointed to see how flawed our intelligence was.”

]]> http://blog.goldsilver.com/2008/05/13/bush-calls-new-attack-on-us-his-worst-worry/feed/ http://blog.goldsilver.com/2008/05/13/us-confession-weapons-were-not-made-in-iran-after-all/ http://blog.goldsilver.com/2008/05/13/us-confession-weapons-were-not-made-in-iran-after-all/#comments Tue, 13 May 2008 22:32:21 +0000 GoldSilver http://www.campaigniran.org/casmii/index.php?q=node/4886 http://blog.goldsilver.com/2008/05/13/us-confession-weapons-were-not-made-in-iran-after-all/ In a sharp reversal of its longstanding accusations against Iran arming militants in Iraq, the US military has made an unprecedented albeit quiet confession: the weapons they had recently found in Iraq were not made in Iran at all.

]]> In a sharp reversal of its longstanding accusations against Iran arming militants in Iraq, the US military has made an unprecedented albeit quiet confession: the weapons they had recently found in Iraq were not made in Iran at all.

]]> http://blog.goldsilver.com/2008/05/13/us-confession-weapons-were-not-made-in-iran-after-all/feed/ http://blog.goldsilver.com/2008/05/13/the-oily-truth-about-america%e2%80%99s-foreign-policy/ http://blog.goldsilver.com/2008/05/13/the-oily-truth-about-america%e2%80%99s-foreign-policy/#comments Tue, 13 May 2008 22:24:43 +0000 GoldSilver http://www.iraqupdates.com/p_articles.php/article/31031 http://blog.goldsilver.com/2008/05/13/the-oily-truth-about-america%e2%80%99s-foreign-policy/ With the oil price heading upwards and President George W. Bush heading for Saudi Arabia, as part of a Middle Eastern tour, it is time to accept the truth. The pursuit of oil is fundamental to US foreign policy.

]]> With the oil price heading upwards and President George W. Bush heading for Saudi Arabia, as part of a Middle Eastern tour, it is time to accept the truth. The pursuit of oil is fundamental to US foreign policy.

]]> http://blog.goldsilver.com/2008/05/13/the-oily-truth-about-america%e2%80%99s-foreign-policy/feed/ http://blog.goldsilver.com/2008/05/13/credit-crisis-makes-americans-sell-possessions/ http://blog.goldsilver.com/2008/05/13/credit-crisis-makes-americans-sell-possessions/#comments Tue, 13 May 2008 22:14:09 +0000 GoldSilver http://www.telegraph.co.uk/news/worldnews/northamerica/usa/1950901/Credit-crisis-makes-Americans-sell-possessions.html http://blog.goldsilver.com/2008/05/13/credit-crisis-makes-americans-sell-possessions/ Americans who have lost their homes in the property crisis are starting to lose their possessions too as even the cost of storage proves too much for them.

]]> Americans who have lost their homes in the property crisis are starting to lose their possessions too as even the cost of storage proves too much for them.

]]> http://blog.goldsilver.com/2008/05/13/credit-crisis-makes-americans-sell-possessions/feed/ http://blog.goldsilver.com/2008/05/13/new-records-for-oil-gas-12698-a-barrel/ http://blog.goldsilver.com/2008/05/13/new-records-for-oil-gas-12698-a-barrel/#comments Tue, 13 May 2008 20:40:21 +0000 GoldSilver http://money.cnn.com/2008/05/13/markets/oil.ap/?postversion=2008051316 http://blog.goldsilver.com/2008/05/13/new-records-for-oil-gas-12698-a-barrel/ Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.

]]> Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.

]]> http://blog.goldsilver.com/2008/05/13/new-records-for-oil-gas-12698-a-barrel/feed/