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US Real Unemployment Rises To 22.8%
CONTRIBUTOR: THE COMING DEPRESSION. The real unemployment figure is 22.8%, according to John Williams’ Shadow Stats. During the last Great Depression, the unemployment rate peaked at 25 percent in 1933...
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Deposits Flee From Europe's Banks
CURATOR: BARRACUDA. European banks are losing deposits as savers and money funds spooked by the region’s debt crisis search for havens, a trend that could worsen economic and financial conditions...
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Germany Pushes Greece To The Brink In Dangerous
Brinkmanship
CONTRIBUTOR: BMG BULLION - MARKET INSIGHT. Germany and Holland have threatened to block rescue payments to Greece unless the country complies to the letter with bailout terms, raising the specter of default...
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Gold Will Drop to $1390 By Year-End And $1000 By 2013.
Here’s Why
CONTRIBUTOR: MUNKNEE. A review of the gold price written by Robin Bew, chief economist at HSBC Bank, proposes that the gold price is in danger of entering bubble territory and predicts a sharp correction by year-end...
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Precious Metals Correction Will Be Short-Lived
CONTRIBUTOR: GOLDMONEY. The central banks of the West appear increasingly desperate to avert a financial crisis, and the discoveries that proceed from market breaks such as this...
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The Republican Party is in a fight to the death with the tea party, and only one of them will be left standing at the end of it, TV host Glenn Beck tells Newsmax.TV in an exclusive interview. He warns that "we may lose the soul of the country" if the GOP presidential nominee is a typical “big government kind of guy." |
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