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~ Welcome to Flying Eagle Gold & Silver ~
As the continuing upheaval in the American financial markets have shown, the paper economies of the world are proving to be incredibly fragile - and the dollar is proving not to be immune. If you don’t believe it – keep your eyes on the daily market headline. With the current roller-coaster ride being provided by Wall St. and the disaster in the sub-prime mortgage markets, which has affected the entire building and residential real estate markets (with the commercial debacle beginning to unfold) – we seem to be in the early stages of the next depression.
The U.S. Dollar seems to be getting hammered continually on the global stage, while gold and silver - not only seem to be holding their own - but reaching record heights on a daily basis. The historical importance of owning gold coins is well known throughout the world and the greatest opportunity for diversification exists today by adding historical, or collectible gold and silver coins to your physical holdings. This may be the most affordable “wealth insurance" you'll ever own. (More...)
Markets Fall Sharply Amid Fears on Debt and Jobs
Feb. 4 (New York Times) - Worries about Europe’s persistent debt troubles spilled into United States markets on Thursday, bringing stocks to new lows for the year amid fears that more countries would fall victim to crippling deficits. Adding to the anxiety was a bleaker-than-expected report on the United States labor market. (Read More)
Stocks, Commodities Plunge, Dollar Gains on Debt, Jobs Concerns
Feb. 4 (Bloomberg) - Stocks plunged around the globe, with the MSCI World Index dropping the most in four months, and commodities tumbled on concern an unexpected increase in U.S. jobless claims and growing sovereign debt will derail the economic recovery. (Read More)
OPINION: Obama’s $6.3 Trillion Scam Is America’s Shame
Feb. 4 (Bloomberg) - Look through President Barack Obama’s proposed 2011 budget, and you’ll see a line calling for a $235 million increase in the Justice Department’s funding to fight financial fraud. Lucky for them, the people who wrote the budget can’t be prosecuted for cooking the government’s books. Whether on Wall Street or in Washington, the biggest frauds often are the perfectly legal ones hidden in broad daylight. (Read More)
Biggest Bubble in History Is Growing Every Day
Feb. 4 (Bloomberg) -- Real estate, stocks, credit. China sure has its share of bubbles. Oddly, little attention is paid to the biggest one of all. China’s currency reserves grew by more than the gross domestic product of Norway in 2009. Its $2.4 trillion of reserves is a bubble all its own, one growing before our eyes with nary a peep out of those searching for the next big one. (Read More)
Initial Jobless Claims in U.S. Unexpectedly Climbed
Feb. 4 (Bloomberg) -- More Americans unexpectedly filed first-time claims for unemployment insurance last week, indicating companies lack confidence the economic recovery will be sustained. Initial jobless applications increased to 480,000 in the week ended Jan. 30, the most in seven weeks, from 472,000 the prior week (Read More)
U.S. May Lose 824,000 Jobs as Employment Data Hits
Feb. 3 (Bloomberg Multimedia) -- The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time. (Read More)
An important tax credit that might not be on your radar screen
(Washington Post) - The recession and the high unemployment rate have affected the tax situations for many people. As such, it's important this year that you research the tax deductions or credits you now may be eligible to receive. (Read More)
U.S. Report Details Money Laundering
(New York Times) - A suitcase containing $1 million in shrink-wrapped bills, hand-carried into New York by the former president of Gabon for his daughter to buy a Manhattan apartment. Purchases of a stretch Hummer H2 armored limousine and C-130 Hercules military transport planes for a civil war in Angola. And a shell company named Sweet Pink used to funnel millions of dollars into the United States from Equatorial Guinea. (Read More)
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Nickel's Worth of News |
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