The U.S debt stands at $15.366+ TRILLION fiat federal reserve notes and counting!! GOT SILVER????????? REAL TIME U.S. DEBT CLICK HERE Source> http://www.usdebtclock.org/
Originally Posted by WakingTheBull As we approach our Second Year we rely on our members support, If you value the profitable information found on WAKINGTHEBULL.COM CLICK HERE TO DONATE Please donate so we can continue to provide valuable information to our grassroots community. Here is a look at how the major Indices fared this week: DOW ($INDU)The closed up 170.44 @12153.68 above it's MA(200) @11976.30 S&P500 ($SPX) The S&P 500 closed up 10.62 @1263.85 above it's MA(200) @ 1272.27 Volatility Index ($VIX) The Volatility Index closed down 0.12 @30.04 over it's MA(200)@24.30 Baltic Dry Index ($BDI) The Baltic Dry Index, an index that measures shipping spot freight rates of various dry bulk cargoes closed up 18 @1835.00 over it's MA(200) @1512.29 Gold ($GOLD) Gold closed up 33.10 @1789.60 for the week above it's MA(200) @1577.28 Silver ($SILVER) Silver closed up 0.52 @34.67 below it's MA(200) @36.64 U.S. ...
Originally Posted by WakingTheBull Source: By Margaret Chadbourn WASHINGTON | Tue Nov 8, 2011 7:29pm EST (Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion. The government-controlled firm also attributed the deeper cash drain to losses on derivatives used to hedge its exposure to interest-rate swings and on expenses related to home loans made prior to the 2008 financial collapse. In the year-earlier quarter it had a loss of a $1.3 billion. Fannie Mae has now drawn $112.6 billion in bailout funds from the Treasury Department since being seized by the government in 2008 as mortgage losses mounted, and it has returned $17.2 billion to taxpayers in the form of dividends. "There is certainly a lot of pre-2009 loans that we need to work through and that is certainly driving the credit losses ...
Originally Posted by WakingTheBull SOURCE: MARKETWATCH Swiss franc climbs to all-time high against greenback By Myra P. Saefong and Lisa Twaronite, MarketWatch SAN FRANCISCO (MarketWatch) — The dollar fell Friday as some disappointing data on the U.S. economy fed concerns that the U.S. Federal Reserve may delay an increase in interest rates. The U.S. dollar index fell following the data as “evidence of a deceleration,“ a slowdown in economic growth, became “rather conclusive,” said Richard Hastings, a macro strategist at Global Hunter Securities. The total outcome of most of the economic data over the last week suggests the Fed will delay on hiking the Fed funds rate in November, he said. “The deceleration in the U.S. will hurt tax revenue growth projections and encourage the Fed to maintain the buck at below-competitive yields.” READ FULL ARTICLE>>>
Will this be the catalyst we been talking about to signal a full on currency collapse. Silver and gold are sure acting like it. Last week, Zhou, govenor of the People banks of China said" $3 Trillion China Reserves Have Risen Beyond ‘Reasonable’ Level" If you missed it below is the article from Bloomberg> By Bloomberg News - Apr 19, 2011 12:34 AM ET "China’s foreign-exchange reserves have exceeded a “reasonable” level and the management and diversification of the holdings should be improved, central bank Governor Zhou Xiaochuan said. Increases in the holdings, which topped $3 trillion in March, are putting pressure on central-bank operations that withdraw money from the financial system, Zhou said after a speech at Tsinghua University in Beijing late yesterday. Zhou spoke of the need to reduce an excessive accumulation of reserves, using a Chinese word that could refer to either existing holdings or the pace of the build-up. ...
Stiglitz Urges New Global Reserve Currency to Stem Imbalances April 10, 2011, 1:16 PM EDT By John Detrixhe and Sara Eisen April 10 (Bloomberg) -- The world economy needs a new global reserve currency to help prevent trade imbalances that are reflected in the national debt of the U.S., said Nobel-prize winning economist Joseph Stiglitz. A “global system” is needed to replace the dollar as a reserve currency and help avoid a weakening of U.S. credit quality, said Stiglitz, a professor at Columbia University in New York. The dollar fell to an almost 15-month low against the euro last week, and the U.S. trade deficit widened more than forecast in January to the highest level in seven months. “By taking off the burden of any single country, we don’t have to have trade deficits,” Stiglitz said in an interview in Bretton Woods, New Hampshire. “Things would be much worse if it were not the case that Europe was having ...
650 Years of Silver Prices This is a 650 year graph of silver prices and silver/gold ratio from 1344 to 2004. Silver 2004-2011 *Note this was based in 1998 dollars, the fact that the money supply has more then quadrupled since then makes the chart even more compelling. The 50 dollar mark is the next resistance adjusted to the 70 an oz level but once that break happens we could see silver touch triple digits.* Source of charts> http://goldinfo.net/silver600.html
Silver Hitting New Highs $$$$ 21.75 Look like members who read this wakingthebull.com article were in the know! http://wakingthebull.com/entry.php?7...Awakening-Bull
Silver Chart looks compelling for a test of highs..... Gold and Silver should start to rally back you would think.....
Euro Breaking up Dollar Down Market Reversing UP Bulls can hope this might be yet another reversal and going into G20 this weekend next weekend might see the Dow test those moving averages again.
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