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Topic: A new Gold Standard
is being born |
A new Gold Standard
is being born
Telegraph [UK], by Ambrose Evans-Pritchard
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Original Article
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Posted By:Attercliffe, 1/17/2013 3:12:57 PM
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| The world is moving step by step towards a de facto Gold Standard, without any meetings of G20 leaders to announce the idea or bless the project. Some readers will already have seen the GFMS Gold Survey for 2012 which reported that central banks around the world bought more bullion last year in terms of tonnage than at any time in almost half a century. They added a net 536 tonnes in 2012 as they diversified fresh reserves away from the four fiat suspects: dollar, euro, sterling, and yen. The Washington Accord, where Britain, Spain, Holland, South Africa, Switzerland, and
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Reply 1 - Posted by:
Johnny Angle, 1/17/2013 4:25:50 PM (No. 9122711)
It is not a gold standard unless the paper notes can be redeemed in gold. Otherwise it is only an investment in gold.
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Reply 2 - Posted by:
Japanorama, 1/17/2013 4:51:20 PM (No. 9122756)
All the discovered gold in the world would fit in a cube 20 m on a side. Hence its value.
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Reply 3 - Posted by:
Grambo, 1/17/2013 6:17:56 PM (No. 9122912)
Governments went off the gold standard in order to be able to manipulate currencies for Keynesian economic management. Along with the lesson of Keynesian discreditation, the folly of abandoning the gold standard has also been demonstrated, but is slow to be kenned.
While the markets and savvy money managers and investors are well aware of these realities, the ideologues of the Left are not, and the inertia that the flat learning curve on the part of Leftist’s will ensure some rough times ahead.
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Reply 4 - Posted by:
Trigger2, 1/18/2013 6:00:17 AM (No. 9123573)
Meanwhile, the federal goobermint emptied out Fort Knox in their quest for spending. Did you know that the Fed dumps gold on the market (from Knox) when they think the price of gold is getting too high? That´s why I think Knox is empty.
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Below, you will find ...
Most Recent Articles posted by "Attercliffe"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Attercliffe"
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President Obama Says Tornado
Victims Will Be Helped ´Right Away´
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Associated Press, by Staff
Original Article
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Posted By: Attercliffe- 5/21/2013 10:54:00 AM
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WASHINGTON - President Barack Obama says he is instructing his disaster response team to get tornado victims in Oklahoma everything they need "right away." Obama calls the devastation that tore through the Oklahoma City suburbs, quote, "one of the most destructive tornados in history," even though he said the extent of the damage is still unknown. Obama spoke Tuesday after an Oval Office briefing on the latest developments from his disaster response team and as Federal Emergency Management Agency Director Craig Fugate was heading to Oklahoma. Obama has declared a major disaster in Oklahoma, ordering federal aid to supplement state
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Obama’s Mr. Irrelevant
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Post & Courier [Charleston, SC], by Editorial
Original Article
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Posted By: Attercliffe- 5/21/2013 6:18:21 AM
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Dan Pfeiffer’s job title is “senior advisor to the president for strategy and communications.” And on five television shows Sunday, he all too clearly communicated the White House’s strategy of remaining unclear on pertinent details about scandals now dogging President Barack Obama. “Fox News” host Chris Wallace pressed Mr. Pfeiffer on “one lingering question” about last Sept. 11’s terrorist attack on the U.S. diplomatic facility in Benghazi, Libya: “What did the president do that night?” After Mr. Pfeiffer tried a few end runs, Mr. Wallace asked: “Was he in the Situation Room?”
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Oklahoma tornado: latest
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Telegraph [UK], by Chris Irvine
Original Article
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Posted By: Attercliffe- 5/21/2013 5:58:36 AM
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Latest - 10.33 (04.33) This from the New York Times: When the tornado sirens went off around 2.15pm, the staff of the AgapeLand Learning Centre, a day care facility, moved 15 children into two bathrooms, draping them with a protective covering and singing songs with them to keep them calm. As the wind ripped off the roof of one of the bathrooms, they all sang "You Are My Sunshine" to remain calm. None of the children were harmed. 10.25 (04.25) KFOR news has provided us with a map of the paths of the various tornadoes to hit Moore
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National Guard called in as looters
storm tornado-ravaged
hospital, reports claim
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Daily Mail [UK], by Staff and Associated Press
Original Article
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Posted By: Attercliffe- 5/21/2013 5:31:02 AM
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A number of heartless looters have emerged amid the tragedy of the deadly Oklahoma tornado, storming a storm-damaged hospital facility and helping themselves to various items, a report claims. Reports of looting came in as Moore, one of the hardest-hit towns in the storm, deals with the loss of more than 51 people who have been confirmed dead, and another 120 injured. The vandals were spotted at the Moore Medical Center, a small facility that sustained damage in the twister. It was a location that was hit hard by the twister, and where rescuers sprung into action to get 15
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America´s Latino future
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BBC News [UK], by Mark Mardell
Original Article
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Posted By: Attercliffe- 5/20/2013 2:04:38 PM
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The floor of the community centre in Springdale, Arkansas, shakes to a staccato rhythm as the young Latino dancers practise their steps. [Snip] It is about nourishing their Mexican roots, making sure their culture doesn´t shrivel and die in this corner of the Deep South. I have come to Springdale because it is a harbinger of America´s future. Ten years ago there were hardly any Latinos here--now they make up more than 30% of the population. Predictions suggest that by 2030, this is what the US will look like. Changing attitudes? Right now, one in four Americans under 18 is
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Angela Merkel compared
to Nazis by Hungary
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Telegraph [UK], by Mathew Day
Original Article
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Posted By: Attercliffe- 5/20/2013 12:10:11 PM
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The Hungarian prime minister has drawn outrage in Germany after drawing parallels with comments made by Angela Merkel about sending "cavalry" to Hungary and the Nazi occupation of his country. [Snip] When asked about the situation last week, Mrs Merkel, the German chancellor, said she "would do everything to put Hungary in the right direction, but we won´t be sending in the cavalry straight away." Viktor Orban however brought up the Second World War. "The Germans have already sent cavalry to Hungary: they came in form of tanks," said the prime minister in a radio interview on Friday. "Our request
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Most Active Articles (last 48 hours)
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Obama: "As An African American
You Have To Work Twice As Hard
As Anyone Else If You Want To Get By"
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Real Clear Politics, by Staff
Original Article
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Posted By: Desert Fox- 5/19/2013 6:55:47 PM
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PRESIDENT OBAMA: You are the mantle of Frederick Douglass and Booker T. Washington and Ralph Bunche and Langston Hughes and George Washington Carver and Ralph Abernathy and Thurgood Marshall and, yes, Dr. Martin Luther King Jr. These men were many things to many people and they knew full well the role that racism played in their life. But when it came to their own accomplishments and sense of purpose, they had no time for excuses. Every one of you has a grandma or an uncle or a parent whose told you at some point in life
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White House Chief of Staff knew about
damaging IRS audit, kept Obama in the dark
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New York Post, by S.A. MILLER
Original Article
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Posted By: FlyRight- 5/20/2013 4:15:03 PM
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WASHINGTON – The Internal Revenue Serviced scandal today spread further within the White House and closer to President Obama. White House spokesman Jay Carney today disclosed that Obama’s chief of staff, Dennis McDonough, and other top White House officials had advance warning that the IRS was targeting conservative groups. But he insisted McDonough and the other White House officials purposely kept Obama out of the loop.McDonough “rightly chose not to take action” to inform Obama, Carney told reporters at the daily White House briefing.
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BREAKING: WashPost Reports
Obama DOJ Also Spied on
James Rosen of Fox News
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Newsbusters, by Tim Graham
Original Article
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Posted By: drive- 5/20/2013 7:29:20 AM
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The Washington Post on Monday reported that Obama’s Department of Justice was investigating journalists before they started wiretapping the Associated Press – for one, Fox News correspondent James Rosen in 2010. Their headline wasn´t "Obama Team Also Spied on Fox News." Fox wasn´t in the headline, on A-1 or on A-12, where the story continued. Newly obtained court documents “reveal how deeply investigators explored the private communications of a working journalist — and raise the question of how often journalists have been investigated as closely as Rosen was in 2010.” Reporter Ann Marimow began:
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Candy Crowley: Is it Possible
This Isn´t Political and
IRS Didn´t Intend to Harass
the Tea Party?
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Newsbusters, by Noel Sheppard
Original Article
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Posted By: JoniTx- 5/19/2013 3:54:02 PM
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"Can you see in your mind´s eye a way that this might not have been political, that this was a misguided stupid way to sort, but that they didn´t intend it to be some kind of political attempt to harass the Tea Party?" So actually asked CNN´s Candy Crowley of her guest Sen. Rand Paul (R-Ky.) concerning the Internal Revenue Service scandal Sunday (video follows with transcript and commentary):CANDY CROWLEY, HOST: Moving on to the IRS problem at this moment, which is really sort of in its infancy. There will be lots more hearings coming up this week
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White House Aide calls
Criticism of Obama ´Offensive´
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New York Times, by Brian Knowlton
Original Article
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Posted By: FlyRight- 5/20/2013 7:01:33 AM
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A senior adviser to President Obama mounted a combative defense of the administration on Sunday, saying the controversies enveloping the White House were the result of Republican lawmakers’ trying to “drag Washington into a swamp of partisan fishing expeditions, trumped-up hearings and false allegations.”The remarks came from Dan Pfeiffer, a member of the president’s inner circle, as he appeared on all five major Sunday morning talk shows in an effort to move the administration past what commentators have described as a “hell week” of controversy and missteps.
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If Your Doctor Asks You About
Guns, Do You Have to Answer?
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Fox News, by Staff
Original Article
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Posted By: KarenJ1- 5/20/2013 1:12:07 PM
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Stuart Varney said this morning on "Varney & Co." that one of his producers was given a questionnaire with some surprisingly intrusive questions on it when he switched doctors. One of the questions was whether he/she was concerned about unsecured weapons in the home. Another asked whether he/she was "in a relationship in which you have been physically hurt or are you afraid of your partner?" Judge Andrew Napolitano explained that the question about guns comes out of a post-Sandy Hook executive order by President Obama, but it will be required under Obamacare. Varney expressed amazement
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Republicans owe Rice an apology
on Benghazi, Obama adviser says
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Fox News, by Staff
Original Article
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Posted By: Desert Fox- 5/19/2013 7:38:42 PM
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WASHINGTON – White House senior adviser Dan Pfeiffer said Sunday Republicans owe Susan Rice, the U.S. ambassador to the United Nations, an apology for alleging she played a part in formulating the White House’s response to the attacks in Benghazi, Libya, last year that killed four Americans. Pfeiffer said on ABC’s “This Week” that the release of more than 100 pages of Benghazi emails and notes show “beyond a shadow of the doubt” that accusations she tried to change the narrative of what happened in the attacks was false. "And, frankly, I think that many of the Republicans
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