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Friday, October 03, 2008

Viva la Amerika -- USSSA (United Soviet Socialist States of A)

This is from friend SR:

Before the articles on the bail out scandal, here are two important articles in reference to gold and its monetization.

1) Gold prices in light of dollar inflation ($6,250.00?!!!) See the folowing remarks also.
http://www.goldprice.org/james-turk/2008/01/real-gold-price.html

2) Gold Standard strikes back (two parts)
http://www.financialsense.com/editorials/fekete/2008/0924.html (part 1)
http://www.financialsense.com/editorials/fekete/2008/1002.html (part 2)

NOW Two items in this email about the bail out scam:

1) Not so much of a bail-out as a rip-off (truth about the Bush bail-out)http://www.guardian.co.uk/commentisfree/2008/sep/29/wallstreet.useconomy


2) At least one member of the U.S. House of Representatives is keeping his wits about him. He is Texas Republican Congressman Ron Paul. Read on...THE AUSTRIAN SCHOOL AND THE MELTDOWNby Dr. Ron Paul

We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market's attempt to re-establish rational pricing of houses and other assets....

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