Dec. 2 2010 | The Euro zone is not facing any "real danger" during the European banking crisis, according to Helmut Siekmann, chair of money, currency and central bank law at the Institute for Monetary and Financial Stability.
Thursday, December 2, 2010
Fed Wealth Grows While Others Drown In Debt
An excerpt from Bob Chapman's weekly publication.
December 1 2010: The Fed grows richer at our expense, Wikileaks news links, desperate things for desperate people, the clarion call of gold, black friday unremarkable, countries drown in the debt of other countries.
The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.
Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
read more >>>>
December 1 2010: The Fed grows richer at our expense, Wikileaks news links, desperate things for desperate people, the clarion call of gold, black friday unremarkable, countries drown in the debt of other countries.
The Federal Reserve’s balance sheet grew a 4th straight week to $2,328 trillion, up $31 billion in a week. In May the balance sheet was $2,333 trillion.
Holdings of government securities totaled $901.24 billion, and rose $27.62 billion. Mortgage holdings were unchanged and Agency holdings fell slightly.
read more >>>>
David Tice Gold should be at $6000/oz
David Tice the case for Gold , we are making it worse down the road , QE2 is counterfeit money , we are debasing the currency we will have inflation of more than 10% , we should let the economy cleans itself , more foreclosures got to happen we have to go down before we go up ....says David Tice
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