http://www.youtube.com/user/SchiffReport

The Printing Press Produces Inflation, Just Not Where It’s Needed

Read more:

http://blogs.forbes.com/...t-not-where-its-needed/

http://oilprice.com/Meta...Just-a-Dollar-Thing.html

We truly are in the thick of Phase II of the Debt Crisis. A collapse of the real estate sector in the western hemisphere is exposing cracks in the socialist structure and causing immense strain on the debt of nations.

The IMF's bitter prescription of austerity has but one result: higher taxes, rising unemployment and growing civil unrest.

"Ireland sought international aid, becoming the second euro country to need a rescue as the cost of saving its banks threatened a rerun of the Greek debt crisis that destabilized the currency.

Ireland will channel some of the money from the European Union and International Monetary Fund to lenders through a “contingent” capital fund, Irish Finance Minister Brian Lenihan told reporters late yesterday. The rest of the package, which Goldman Sachs Group Inc. estimates may total 95 billion euros ($130 billion), would help Ireland avoid selling bonds...."

Read more:

http://www.bloomberg.com...-overwhelms-nation.html

The silver short squeeze will be a spectacle...

http://news.coinupdate.c...ver-bar-shortages-0542/
http://harveyorgan.blogspot.com/

@Mwekahazina - I stopped worrying about these useless pacts from the likes of World bank, IMF, WTO, EU, AGOA, NAFTA etc when I realized the money/economy ponzi model cracked up in 2006. It has been failing since then and we're just pretending that all is well with these fiat ponzi cash scheme. The longer the pretext the better the chances of a total collapse.

The emerging nations of China and Russia acting out of anticipation to the Debt Crisis crossing the pond from Europe to the U.S., triggering a Dollar crisis such as that witnessed in the Euro. In addition is the unilateral move by the U.S. Federal Reserve to engage in quantitative easing (money printing) despite international protestations.

"St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

"About trade settlement, we have decided to use our own currencies," Putin said at a joint news conference with Wen in St. Petersburg...."

Read more:

http://www.chinadaily.co...24/content_11599087.htm