US Action News

Chávez pledged, “we will deepen the socialist revolution: socialism, socialism and more socialism.”

Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.

Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is a an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.

Phase Four, the most alarming, would be investors’ realization that the US dollar lies at the root of the international currency collapse and is itself vulnerable. Likely, this panic flight from the dollar would develop suddenly, and perhaps in undreamed of volumes.

[Y]ear-to-year increases for three areas in particular might be cause for concern: Finished goods are up almost 7%, intermediate goods are up 10.5%, and crude goods are up nearly 21%.

[T]he fiat money crisis is not a natural catastrophe. It is entirely man-made. It is the direct consequence of political decisions and political action.

We will make fictitious money, nothing is more easy, and then every citizen will have his pocketbook full of it, and they will all be rich!

The US is in a recession now. I am not the only one who thinks so.

Small savers and retirees have reason to be upset. It’s as if monetary policy has been personalized to punish one group that behaved well (savers) and reward another that over-borrowed and over-spent.

Bloomberg reported: “Gold climbed to a record above $1,890 an ounce in London and New York as concern about slowing economic growth and debt crises spurred demand for bullion as a protection of wealth.”