Originally Posted by WakingTheBull
Economy grew at slower 1 pct. rate this spring
Economy grew 1 pct. this spring, slower than first estimated; likely to fuel recession fears
Christopher S. Rugaber, AP Economics Writer, On Friday August 26, 2011, 8:31 am
WASHINGTON (AP) -- The U.S. economy grew at a meager 1 percent pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession.
Fewer exports and weaker growth in business stockpiles led the Commerce Department to lower its estimate for the April-June quarter from its previous annual rate of 1.3 percent growth. That means the economy expanded only 0.7 percent in the first six months of the year.
FULL ARTICLE CLICK HERE.......
Yea I heard this concern addressed before interesting stuff, thanks for posting it.
Originally Posted by suetta915
Ron Paul worries Fort Knox gold is gone
WASHINGTON (CNNMoney) -- With the price of gold at record highs, presidential candidate Rep. Ron Paul wants to make sure the U.S. gold bars at Fort Knox are really there.
Paul called a congressional hearing Thursday to grill federal officials about his bill to audit and inventory all of the gold reserves at Fort Knox, Ky., West Point, N.Y., and Denver, even though Treasury officials insist that the gold is audited annually and is all there.
During the hearing, Paul suggested that the Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the ability to secretly sell or swap gold with other countries without anyone knowing.
"The Fed is pretty secret, you know," said Paul, who leans Libertarian. "Congress doesn't have much say on what's going on over there.
They are now ready again to raise the debt ceiling, when will it stop? This video was from a year ago. They now need to raise it again!
Jim Rogers sums up the G20, currency wars, and inflation.
I like to post Max Keiser's videos because if not informative, they are always entertaining. The first ten minutes talk about Gold, worth a watch.