Global Financial Conflagration: The World of Fiat Money is Buckling under the Pressure of Unpayable Debts

America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate.

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'THE FINANCIAL INDUSTRY DOESN'T GIVE A DAMN ABOUT POLITICS'

The bailout package for Greece came closer to completion on Friday, but criticism of the handling of the crisis by the European Union and Germany continues to grow. German newspapers on Friday weigh in on apathy, deliberate stalling and irresponsibility in addressing the euro crisis.  
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PROTESTERS DESCEND ON WALL STREET, NEW YORK BANKS

      Protesters rallied in downtown New York City Thursday to voice their anger over the roles Wall Street and big banks played in America's economic crisis.
Marching from City Hall to Wall Street, the protesters chanted "good jobs for all," and held signs with messages including "Hold banks accountable," "Make Wall Street Pay," and "Reclaim America."
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Gold a Viable Alternative to Fiat Currencies, Despite Manipulation

One thing the Greek crisis has shown us is that gold is a viable alternative to currencies. In spite of all the manipulation by the US government and the consistent blatant attempts to suppress both gold and silver they come back time after time.

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Chicago-area foreclosure auctions hit new high

More Chicago-area homeowners lost their homes to foreclosure in the first three months of the year than in any quarter in the past five years. This disturbing statistic raises doubts about the effectiveness of mortgage loan modification efforts and could put more downward pressure on property values.
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Warning for Britain as financial chaos spreads to Spain

Spain's economy was thrown into chaos on Thursday when its credit rating was cut, sharpening fears that Britain may suffer a similar fate.

GORDON BROWN
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