Gold Buying Contributing To Criminality?

In the following video I discuss the explosion of the gold buying culture in the United States and I illustrate how gold buying is indirectly contributing to a sharp rise in jewelry theft.

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Retailers’ troubles ripple across the nation

In the world of shopping centers, strip malls and the cities that house them, a closed Ann Taylor here or an out-of-business Circuit City there might not matter much.

But the timing and immensity of the current downturn in retail is dire, and not just for the employees who lose jobs, the company shareholders and the shoppers who no longer can buy from their favorite stores. Cities — entire regions, even — that boomed as Americans shopped till they almost dropped for more than a decade are struggling mightily because spending has almost slammed to a stop.

The resulting store closures (150,000 are expected this year), steep declines in sales taxes collected by cities and states and the plethora of empty buildings are wreaking havoc on budgets, wrecking town center plans and ruining dreams for revitalization.

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U.S. Army Troops To Serve As U.S. Policemen?

According to the Army Times (dated Tuesday, September 30, 2008), “Beginning Oct. 1 for 12 months, the 1st BCT [Brigade Combat Team] will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.”

The article continued by saying, “But this new mission marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.

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WAR ALERT!!!

This is going to be quick and dirty today. No cute cartoons. No philosophizing. We haven’t time for any of that today.

I believe we are on the verge of the outbreak of World War III. Right now.

If I’m wrong, then so be it. I’ll apologize for being overreactive later. Too much hangs in the balance if I am right. Treat it as an exercise if you like. A practice for when the real thing happens, because you can be sure the real thing will happen … and soon.

For those who follow my writings and know just how right I usually am, be advised that I consider this to be very likely in the very near term (within the next week or two), highly likely within the next month or two and dead certain within the next year or two. I am uncertain only about the timing, not the outcome. The outcome is worldwide war, of course, and the likely defeat of America.

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How Washington is Fooling You: Manipulated Employment Data

Shell Game – The government and related agencies are responsible for reporting the nation’s economic data. Thus, they’re in the driver’s seat to manipulate this data, while dumping so much of it onto consumers that they can’t possibly analyze what’s really going on.

Each day, “critical” economic numbers are released by one or more agencies connected to Washington. And consumers look to Wall Street and the media to make heads or tails of this data. Of course, Wall Street is always going to paint a rosier picture for its own benefit. Meanwhile, the mainstream media merely serves as a puppet for Wall Street.

The main problem is that by the time this data has been reported it’s already been manipulated. And when Wall Street gets a hold of it they make matters worse, tugging and pulling on the meaning of the numbers as a way to create market volatility. And this generates a lot of trading commissions.

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The Real State of the US Economy

In an eerie echo of President Herbert Hoover in 1930, during a Presidential campaign against Roosevelt, following the stock market crash and collapse of numerous smaller banks, Paulson recently appeared on national TV to declare “our banking system is a safe and sound one.” He added that the list of “troubled” banks “is a very manageable situation.” In fact what he did not say was that the US bank deposit insurance fund, the Federal Deposit Insurance Corporation (FDIC) has a list of problem banks that numbers 90. Not included on that list are banks such as Citigroup, until recently the largest bank in the world.

The statement is hardly reassuring. The California savings bank, IndyMac Bank which was declared insolvent a month ago was not on the FDIC list a week before it collapsed. The reality is the crisis created by “securitizing” millions of home mortgages into new financial instruments and selling the packages to pension funds and investors is unfolding like a snowball rolling down the Swiss Alps.

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Recession has arrived in Florida, economists say

Wachovia economists confirmed Thursday what many Floridians already felt in their bones:

The state is in a recession.

In its first down quarter in 16 years, the Florida economy shrank 1.6 percent during the second quarter. It was the state economy’s worst performance since 1991. The numbers produced the most miserable showing of all the large states and a sharp contrast to the U.S. economy, which grew 1.9 percent.

“We’re going to bounce back from this, but it’s going to take a couple of years,” said Wachovia senior economist and longtime Florida watcher Mark Vitner. “We have the Florida economy losing momentum right through 2008, then bottoming out late this year or in early 2009.”

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