US Action News

The dollar tumbled against most major currencies on Thursday, prompting warnings that the weakness of the world’s reserve currency could destabilise the global economy and push other countries into retaliatory devaluations to underwrite their exports.

Maybe the Fed can fool some of the people some of the time, but it can’t fool all of the people all of the time. In the process, policy makers may end up fooling themselves that they can create expectations of a little more inflation without delivering a lot of the real thing.

Inflation? Deflation? Quantitative easing? Listen to Rick Santelli explain the complexity of markets and fed moves.

What if one were to try and determine the value of gold based on the quantity of money outstanding right now?

Peter Schiff on the gold ‘bubble’, Treasury Secretary, inflation, and the administrations catastrophic financial plans.

Schiff Report video blog Sept 7th 2010 explains the dollar, gold, stimulus spending and looming inflation.

The dollar hovered near a 15-year low against the yen on Tuesday, as prospects of more weak economic data from the United States added to worries about a global slowdown and capped gains in stock markets.

Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on provision to the law that puts gold coin buyers and sellers under closer government scrutiny.

A team of U.S. geologists and Pentagon officials has discovered vast mineral wealth in Afghanistan, conceivably enough to turn the scarred and impoverished country into one of the world’s most lucrative mining centers, a senior military official told Fox News on Monday.

Gold prices hit an all-time high as demand surged to the highest level since the collapse of Lehman Brothers in 2008 amid volatile financial markets in Europe. Spot gold in London surged to above $1,230 a troy ounce, surpassing the previous record set in December last year.