Liberty Newswire 9/9/2011

[The Liberty Insight Newswire is an aggregation of what we consider to be important financial and political news and commentary from across the web.]

This week’s newswire examines the European Union rapidly unravelling, the end of the Swissie safe haven, and a look back at the shining star of Obama’s last jobs program in the wake of President Obama’s new jobs program proposal.

……………………………..

Fed Prepares to Act
Wall Street Journal, September 8, 2011

In Bernanke’s speech from Jackson Hole in August, the Fed Chairman announced that the Fed Reserve Board would extend its September meeting by a day to discuss new potential monetary measures. This article outlines a few of the potential options. Basically, they all amount to… yep, printing money. Prepare for gold and silver to skyrocket.

…………………………….

Greek Credit Swaps Surge to Record, Signal 91% Chance of Default
Bloomberg September 8,2011

The European Union is falling apart at the seams. Greece didn’t come anywhere close to meeting its budgetary goals laid out in the first bailout package and the Euro lost nearly 4% against the dollar this week as traders prepare for a Greek default. Will Greece default? Will they get the boot from the Union or another bailout? Will German citizens revolt? Who the hell knows. It’s all F’d up over there. Buy Gold.

…………………………….

Swiss franc peg may unleash gold rally
Reuters, September 6, 2011

The Swiss franc was one of the last safe haven currencies in a sea of paper. With this weeks announcement that the Swiss will now peg their currency to the Euro, that’s out the window. It looks like gold is the only safe haven, because it’s the only currency that governments can’t print. Prepare for gold and silver to skyrocket.

……………………….

Postal Service warns it could lose $10 Billion this year
Washington Post, September 5, 2011

The Post office is bankrupt and hemorrhaging money, even with a legal monopoly on first class mail. Yet, Congress won’t let them raise the price of stamps or stop Saturday mail delivery. As a result, they may be forced to shed 120,000 jobs. As you read this article, remember that this is the same type of bureaucracy that will be running healthcare.

………………………..

Fremont solar company files for bankruptcy after receiving federal loan
SF Examiner, August 31, 2011

Oh the irony. Just days before Obama’s new jobs bill proposal, Solyndra LLC, the solar panel company praised by President Obama as the poster child for the new green economy declared bankruptcy, laying off 1100 workers. Now the FBI is investigating the company, presumably to find out what exactly happened to the $535 million loan from the Federal Government, aka the taxpayers.

Advertisements
This entry was posted in Newswire and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s