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old Price Could Treble if China Divests Dollars, Warns Mining Boss

January 29, 2009 The gold price is likely to hit record highs in dollar terms as fears grow about the stability of the US currency, the chairman of Barrick Gold said today at the World Economic Forum (WEF) in Davos. The founder of the world’s largest goldmining company said that there was even a possibility that central banks, including China’s, might start to switch from dollar holdings to gold, which could cause the price of the metal to treble. “Gold is at record levels in every currency except dollars," Peter Munk told Reuters at the WEF meeting. "Even within dollar terms it is within a few percentage points of an all-time high, at a time when all the other major commodities are falling.” Mr Munk said: “Whether it’s the currency effect or a reaction to a feeling of uncertainty, gold, in my opinion, is more likely to go up than down.. » read more

Tense New Orleans Marks Katrina Anniversary as Storm Gustav Approaches

Friday 29 August 2008  New Orleans marked the third anniversary of Hurricane Katrina in a mood of uneasiness as Tropical Storm Gustav rolled closer across the Caribbean, leaving a trail of death and destruction in its wake.     Forecasters predicted that Gustav, which left at least 67 people dead in Haiti and the Dominican Republic, would intensify with winds of up to 130 mph after it pounded Jamaica today and headed toward Cuba. Grafitti by the elusive artist Banksy adorns an abandoned home in New Orleans, Louisiana. Friday, August 28, marks the third anniversary since Hurricane Katrina. Events marking the anniversary and memorializing those who died were held across the city.. » read more

More Being Forced Out of the U.S.

But criminal deportations declined, latest data indicateThe federal government says it has steadily increased the number of illegal immigrants it removes from the country annually, but critics say the effort is still shackled by a critical lack of personnel and detention facilities. U.S. Immigration and Customs Enforcement recently released its latest data on the number of illegal immigrants deported. In fiscal year 2007, which ended Sept.. » read more

After the Riots, Burma Returns to an Unspoken Terror

October 13, 2007 It's 9.30pm and the buses in downtown Rangoon have stopped running. People scuttle home across the city's potholed roads and broken pavements and the few taxis still operating will only make short trips. With only 30 minutes to curfew, no one takes chances with the Burmese military these days. Carrying shotguns and assault rifles, teenagers in military and police uniforms cluster at street corners until curfew, then retreat to fenced-off government buildings as darkness settles.. » read more

Big Banks Ponder Creating Fund To Rescue Mortgage-Backed Securities

ig Banks Push $100 Billion Plan To Avert Crunch Fund Seeks to Prevent Mortgage-Debt Selloff; Advice From Treasury By Carrick Mollenkamp, Ian McDonald, and Deborah Solomon The Wall Street Journal Saturday, October 13, 2007 In a far-reaching response to the global credit crisis, Citigroup Inc. and other big banks are discussing a plan to pool together and financially back as much as $100 billion in shaky mortgage securities and other investments. The banks met three weeks ago in Washington at the Treasury Department, which convened the talks and is playing a central advisory role, people familiar with the situation said. The meeting was hosted by Treasury's undersecretary for domestic finance, Robert Steel, a former Goldman Sachs Group Inc. official and the top domestic finance adviser to Treasury Secretary Henry Paulson.. » read more

Hyperinflation Will Blow The Economic Doors Off

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Carter Reveals Begin Viewed Jews As Master Race

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