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.

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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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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Schwarzenegger Signs Order Cutting Jobs

At most Bennigan’s restaurants, nobody’s home today

Bennigan’s Grill and Taverns across the Tampa Bay area didn’t open today amid reports hundreds of other company-owned stores around the country locked their doors as well.

One exception is the Bennigan’s at Channelside in Tampa, where a franchise owner told a gathering of employees the store intends to remain open.

The other nine Tampa Bay Bennigan’s locations did not open after managers were told at 9 a.m. that the parent company would be liquidated in bankruptcy. The news will put about 400 people out of work in the Tampa Bay area.

Many employees were told they no longer had jobs as they arrived at work.

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Dead Cat Bounce

My name is Edgar J. Steele.

I’ve been off having surgery, to answer all the questions. But I’m getting back into it now, thanks for the expressions of concern. That’s the great thing about working for free – you get to pick your own hours.

Ever seen a dead cat? Ever seen one bounce off the pavement? Use your imagination, then. That’s all that is going on right now, economically. If that.

Fact is, the government lies about everything now. Everything. I’ve become so jaded that I automatically disbelieve everything I hear from official sources. Everything.

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Is Florida the Sunset State?

Water Crisis, Mortgage Fraud, Political Dysfunction, Algae Polluted Beaches, Declining Crops, Failing Public Schools and Foreclosures.

Greetings from Florida, where the winters are great!

Otherwise, there’s trouble in paradise. We’re facing our worst real estate meltdown since the Depression. We’ve got a water crisis, insurance crisis, environmental crisis and budget crisis to go with our housing crisis. We’re first in the nation in mortgage fraud, second in foreclosures, last in high school graduation rates. Our consumer confidence just hit an all-time low, and our icons are in trouble–the citrus industry, battered by freezes and diseases; the Florida panther, displaced by highways and driveways; the space shuttle, approaching its final countdown. New research suggests that the Everglades is collapsing, that our barrier beaches could be under water within decades, that a major hurricane could cost us $150 billion.

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Zimbabwe introduces $100 billion banknotes

Zimbabwe’s troubled central bank introduced $100 billion banknotes Saturday in a desperate bid to ease the recurrent cash shortages plaguing the inflation-ravaged economy.

The bills officially come into circulation Monday, although they were on the foreign currency dealers market Saturday.

As high as they are, though, the bills still aren’t enough to buy a loaf of bread. They can buy only four oranges.

The new note is equal to just one U.S. dollar.

Once-prosperous Zimbabwe has seen an unprecedented economic meltdown since it gained independence in 1980, with the official inflation rate now at 2.2 million percent.

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Starbucks releases full list of store closures

Nervous about whether your corner Starbucks is still going to be there to deliver that jolt of caffeine?

It’s a fair question plenty of folks are asking after Starbucks Corp. announced that it would shut 616 company-owned stores by early 2009 as part of a broader plan to boost profit and traffic at its U.S. locations.

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Congress Knows of Martial Law Plan to be Implemented in Late 2008

Just found this today, Don’t know who this radio host is, but if his leaks are true then the US Economy will collapse by the end of 08.

He lists things that were leaked to him because finally some congress members have awaken from the lies.

Ron Paul even stated that something big is going to happen.

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Silver Prices Ready to Rocket; Four Reasons Why and Two Ways to Buy

Silver prices have vaulted an extraordinary 106% in the past two and a half years.

More impressive, silver prices have gained 33% since mid December.

Now, compare that to how U.S. stocks have fared since then: The Dow Jones Industrial Average has plunged 13.6%; The Nasdaq Composite Index tumbled 10.5%; The S&P 500 Index has fallen 11.1%.

Like gold, silver is a safe haven from inflation and a weak dollar. The prices of the two metals often move parallel to one another. However, silver is poised to rocket – handing investors not only gains in our bear-market economy, but steeper gains than gold.

James Turk, founder of GoldMoney, said in his annual forecast that the U.S. economy “will get much worse in 2008, making gold the premier asset of choice, but not the best performing precious metal. That honor will go to silver, which I expect will clear $30 in 2008.”

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Similarities between 1929 and 2008 terrifying

Watching Wall Street and the American real-estate market crumble over the past 10 months has not inspired great confidence in our wonderful free-market economy or the land pirates who run it. As someone who recently wrestled with the causes and consequences of the Great Depression, I find the current economic shipwreck not merely spooky but downright terrifying.

Working as a historian is a discouraging business. No one seems to learn anything from history – that’s pretty much a given – but we keep hoping. As a chronicler of the 19th century American West, I had my work cut out when a family friend asked me to write a biography of her father, Judge Wilson McCarthy.

Herbert Hoover appointed McCarthy to represent Western Democrats on the board of the Reconstruction Finance Corporation, Hoover’s only real response to the worst economic disaster in American history. The RFC attempted to restore liquidity to the economy by getting cash out from underneath mattresses and into circulation.

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McCain says only World War III would justify draft

Only World War III would prompt Republican presidential candidate John McCain to bring back the military draft, McCain said on Tuesday.

Many Americans are fearful the U.S. government will be forced to reinstitute the draft given the prolonged Iraq and Afghanistan wars.

Asked about that possibility by a potential voter in Florida during a telephone “town hall meeting,” McCain said: “I don’t know what would make a draft happen unless we were in an all-out World War III.”

The United States ended its last military draft in 1973 in the waning years of the Vietnam war, moving to an all-volunteer military force.

McCain, a Vietnam veteran, said the draft during that conflict weighed most heavily on lower-income Americans, and that this should not be repeated.

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Fed signals aggressive rate cutting is done

The Federal Reserve’s aggressive period of cutting interest rates to keep the country from falling into a recession is over. That point is in general agreement. The trouble starts when you try to figure out what period the Fed has now entered.

Could the central bank keep rates unchanged for a considerable period? Yes, many analysts say, predicting that the Fed will leave rates alone until next spring.

However, other economists are still worried that the Fed could start ratcheting up rates much sooner than that, especially if this year’s surge in oil prices does not soon abate.

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State, city layoffs: 45,000 and counting

The latest hit to the economy could come from state houses and city halls across the nation, which are in their worst budget crisis in years.

With falling revenue from sales and income taxes, and property-tax declines looming, states, cities and towns have already laid off tens of thousands of government employees. Many expect more job cuts ahead as public officials struggle to balance their budgets.

The American Federation of State, County and Municipal Employees, a public employees union, says about 45,000 government layoffs have been announced this year.

All but four states are set to begin their new fiscal years on July 1, which means that tough decisions will have to be made soon. Economists say that cutbacks in jobs and spending by local governments could be a major drag on the overall economy.

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The US Economic Recession: An Update

While the attention of America and most of the rest of the world is focussed upon the attempts by the Fed and Congress to lean against the internal financial contractionary hurricane inside the US financial system, the declining economic situation on the ground in the US economy bears very close attention. US payrolls are down by a total of 260,000 in the past four months.

US industrial production peaked back in January and has fallen at a 4.9 percent annual pace in the past three months. Total US business sales have plunged at a 7 percent annual rate in the three months ending in February despite a surge in wholesalers’ sales. Retail sales are grinding to a halt. Unsold inventories are climbing. This is a real recession.

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