It just seemed to fit the discussions…..:)
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for …
China Tells US ‘Good Old Days’ of Borrowing Over
(Reuters) China bluntly criticized the US on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s …
Gold rose to 1,782 an ounce earlier today ~
Seems the lowered U.S. credit rating and eroding dollar have helped propel gold ~ An AP article said today — “Gold prices pushed to new heights Tuesday as investors digested the possible consequences of the lowered U.S. credit rating and Europe’s debt crisis on a slowing global economy. The declining appeal of the U.S. …