Wednesday, June 16, 2010
Former Bank of England Monetary Policy Committee member and leading UK economist David Blanchflower is suggesting that the UK target a higher inflation rate to deal with one of the highest national debt moutains in the world......read on
Veteran market commentator Stephen Leeb, Chairman of Leeb Capital Mgmt. explains in simple terms the virtues of silver the potential shortages that could be experienced in the near future. Take away quote "Silver - there is very little of it and we need it for everything"
European mega toxic loans, which amount to $2.6 trillion just for Greece, Spain and Portugal.....it is all too well known that France and Germany will go bust overnight if PIIGS debt is allowed to be marked even halfway to market pro forma for governmental bailouts, on the banks' balance sheets....read more from Tyler Durden of Zero Hedge ---> here