Stephen Leeb Comments on Fiat Currency Race to the Bottom

While the Fed destroys the currency we all depend on, a federal bureaucracy keeps Idaho in the poor house by tying up Silver Valley resources which would otherwise be in boom mode. Will our state ever fight for its citizens in this war on free enterprise waged by the Federal Government?
My Blog: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chumly.com/n/ba1bb6

Germany Ready to Bail on Bailouts?

Like climbers on a cliff, the PIGS are dangling from the rope. Germany is the one climber with a good grip and is beginning to consider cutting the financial rope that binds their collective fate.
Bundesbank questions legality of EU bail-outs - Telegraph: www.telegraph.co.uk/finance/financialcrisis/871678....html
http://chumly.com/n/b6d6d0

Post from greshambouma at CHUMLY

This Currency, as we manage it, is a wonderful machine. It performs its Office when we issue it; it pays and clothes Troops, and provides Victuals and Ammunition; and when we are obliged to issue a Quantity excessive, it pays itself off by Depreciation. - Benjamin Franklin
http://chumly.com/n/b6d609

Stimulus Spending Trap

Governments worldwide wage a war on healthy economies by their stimulus programs and replace them with economies dependent on chronic public borrowing and spending. Like an addict, you need increasing amounts to maintain the old high, and eventually you run out of suppliers.
Stimulus Spending a Fatal Addiction: www.absolutewealth.com/stimulus-spending-a-fatal-a...ction
http://chumly.com/n/b6ce5c

A Glimpse Into the FED

The title to this article says it all. Socialism rewards the politically connected, and constantly robs those who are not.
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans at Lowest Rates - Bloomberg: www.bloomberg.com/news/2011-08-21/wall-street-aris....html
http://chumly.com/n/b67924

What About Rick Perry and the FED

I don't know whether Perry is just being populist, or whether he has real conviction, but this article takes us back to when we began this scheme and our financial journalists argued for something more disciplined than crony capitalism built on a fraudulent monetary policy.
Waiting for De Gaulle - August 19, 2011 - The New York Sun: www.nysun.com/editorials/waiting-for-de-gaulle/874...87456
http://chumly.com/n/b5855f

Doug Casey Discusses (Global) Economic Storm

Doug Casey: We Are Exiting the Eye of the Storm - Casey Research: www.caseyresearch.com/cwc/doug-casey-we-are-exitin...storm
http://chumly.com/n/b55090