Entschuldigung, but doesn’t this sound a bit inflationary, for the U.S. Dollar?: Audit: Fed gave $16 trillion in emergency loans to foreign banks.
[1]
Worth reading: How Capitol Hill Is Pushing the U.S. Economy to the Edge [2]. (Thanks to Sue C. for the link.)
Chris H. suggested this: Gold shines, but silver is the moneymaker [3].
Economics Professor: “[We’ll Have] a Never-Ending Depression Unless We Repudiate the Debt, Which Never Should Have Been Extended In The First Place” [4] (Thanks to John R. for the link.)
K.K. sent this: Silver Update: Caught in the act, “The Comex is a completely and utterly corrupt market.” [5]
Gold, Silver Surge After John Taylor Predicts Gold to Hit $1,900 By October [6]
More grim economic news, courtesy of John R.:
A New Surge in Job Layoffs [7] (Dave Cohen)
Jim Rogers: Fed Will Launch QE3 by Q3 [9]
Greece: Looking for the ‘right’ place to crash [10] (Kurt Brouwer)
China urges U.S. to boost confidence in debt, dollar [11]
Items from The Economatrix:
Get Ready For a 70% Marginal Tax Rate [12]
Moody’s Warns Could Cut Five States Tied to US Credit [13]
The Collapse of Paper Money and the Vertical Move of Gold [14]
Gary North: The US Debt Ceiling Show Baloney [15]
Sales of Existing US Homes Fall, Partly Due to Cancellations [16]