Latin America plans US dollar replacement

Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.

Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.
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Wall Street pays record bonuses after US bailout - 14 Oct 09

Barely a year after the Wall Street bailout sparked public outrage and calls for nationalising banks, executives are raking in record-breaking salaries and big banks are posting blockbuster profits.

The windfall is evident in the $140bn in salaries that banks and investment houses are paying their executives. Many of those who
will benefit work for JP Morgan, whose huge third-quarter profit boom helped push the Dow Jones Average over the coveted
10,000 mark for the first time in a year.

Meanwhile, ordinary American workers continue to see sharp pay cuts and the worst joblessness in 20 years. John Terrett reports.

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bailout stimulus banking finance obama pay bonuses executives aljazeera john terrett

Gold ETFs vs Physical Gold and Silver and Mining Stocks

Gold & Silver investment with inflation & deflation explained by David Morgan

Tom Jeffries talks to David Morgan about gold, paper gold, silver, inflation and deflation
recorded on October 14th 2009

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david morgan gold silver bullion jim puplava warren buffett etf gld deflation inflation hyperinflation max keiser peter schiff bernanke rogers marc faber mish don harrold gerald celente china japan canada mining stock