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Economy - Economics USA

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Uncommon Sense

According to the government, Fort Knox contains about 147 million troy ounces of gold. The government has a total of 248 million troy ounces of gold, mostly in bars that are 400 troy ounces each. Most of the gold in Fort Knox came from melting of the

News Link • Global Reported By Dave Johannes
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Gallup.com

Suffering from terrible economic times, more Americans are switching from spending to saving. High unemployment and lower incomes drive saving. But higher rates of saving that keep consumer spending low means that economic recovery remains stalled.

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Government also struggles with money, but the struggle centers on how to get more of your money into government coffers. Rather than expanding the Federal budget in the face of economic downturn, we should be focusing on eliminating waste and being

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Free Gold Money Report

There have been numerous reports about the sharp decline in bank lending since the beginning of the financial crisis. The War Street Journal, for example, on Wednesday reported in an article entitled "Lending Falls at Epic Pace" that last year's

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AP

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. The rescue of Fannie Mae and Freddie Mac is turning out to be

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Market-ticker.denninger.net/

Isn't that nice? So AIG insists that we trust them, and in addition, that everyone else trust them, as to the precise composition of these "assets", their performance, and who is on the other side of the transaction. Oh, it gets better.

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Uncommon Sense

On Thursday, President Obama used an executive order to create a debt commission. The commission will be charged with “taking on the impossible” and designing a plan to reduce the federal deficit. To lead the commission Obama chose former Sen. Alan

News Link • Global Reported By Dave Johannes
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GlobalEconomicAnalysis.blogspot.com

Just take a look at that happy talk. There is every reason to think this may be the start of a double-dip recession. All we have seen is inventory replenishment, government spending, and various stimulus measures like cash-for-clunkers...

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arclein

While bank bailouts fatten Wall Street, states continue to battle the credit crisis. In the search for innovative solutions, some political candidates are proposing that states generate their own credit by setting up their own banks.

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LewRockwell.com

Two events took place last week that would have been inconceivable a year ago. Ron Paul won CPAC's straw poll for 2012. And the president of the Fed of Philly gave a speech hostile to Federal Reserve policy.

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